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What are the Advantages to performance budgeting?

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Answered 2008-04-10 12:52:20

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Three advantages of budgeting?

Using budgeting, you can plan what money you have and where it will be spent. You can moderate where money can be spent and can provide bonuses if things go particularly. Also budgeting can motivate staff as it can be used for assessing performance in a department and measuring there success.

What are the disadvantages of a line item budgeting system?

what are the advantages and disadvantages of line item budgeting

What are the advantages and disadvantages of incremental budgeting?

Some of the advantages of incremental budgeting are that this type of budgeting is easy and quick. Some disadvantages of incremental budgeting are that different methods for achieving the objective may not be considered and if the budget is not fully spent it can be reduced during the next period.

What are the important features of performance budgeting?

it focuses on potential results

What are the disadvantages and advantages of Planning Programming Budgeting System?

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Advantages of bottom-up budgeting as applied to project management?

Bottom-up budgeting as applied to project management has advantages. It ensures the resources are getting to the people actually doing the work of the project.

Identifying the key advantages and disadvantages of a performance budgeting system a program budgeting system and a line-item budgeting system.?

system features focus on advantages disadvantages (LIBS) -centered on objectives/nature of expenditure or purchased item/service (1920~30s) -control financial affairs -responsibility for accounting -clear responsibility on accounting -easier control on financing -rigidity -unclear performance/objective of expenditure performance budgeting system (PBS) -classifying business based on functions of business activities -detail business budget=item price*work hour -Truman(1950) -business centered -management centered -clear business goal -flexibility -unclear responsibility on accounting plan programming budgeting system(PPBS) -planning+budgeting -rational allocation of resources -Johnson(1965) planning centered "planningprogrammingbudgeting" -planning+budget -rational allocation of resources -remove barriers between organizations centralization of budget composition -difficulties on conversion work -top-down budget composition

What are the advantages of planning programming budgeting systems?

When it comes to planning programming and budgeting systems, there is one major advantage over alternative methods. That is the ability to integrate long range planning, execution, and budgeting for any system.

What are the merits of budgeting?

Budgeting allows management to take a longer view of the company rather than focus solely on day to day activities. The benefits for budgeting are as follows: profitability review, performance evaluations, funding planning, and assumptions review.

How does book keeping affect performance of small medium enterprises?

information well kept can assist in budgeting and decision making

Advantages of scheduling?

Getting things done Avoiding forgetfulness Budgeting your time Avoiding overworking Sticking to priorities.

What are the behavioral Implications of Budgeting?

behavioural implications of budgeting are, budgetary slack and participative budgeting. budgetary slack tends to happen when the manager of division wants their performance looks good, but in the wrong way by padding the budget. therefore, they looks like "beat the budget". participative budget can cause delay andvacillation.

What are the Advantages and disadvantages of performance appraisals?

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What is ppbs?

The letters PPBS are a shortened form of Planning, Programming, and Budgeting System. It is a balance between the performance budget and object budget.

What are the advantages of subletting network?

There are 3 advantages:SecurityImproved performanceEasier troubleshooting of problems.

What does the process of budgeting encompass?

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What are advantages of budgeting?

A budget gives you an idea of where you can spend or invest and how much. Working out estimates inline with available resources and the benchmark of the firm

What are the behavioral aspects of budgeting?

Purpose of budgets; Behavioral aspects of budgeting; Advantages arising out of staff participation; Factors affecting behaviour ...for more info open the third & fourth link of this website: you get answer; good luck !

What is traditional budgeting?

What is traditional budgeting method

What is rational budgeting?

budgeting that's rational

Define budgetary control and discuss the objectives of introducing a budgetary control system in your own organization What are the advantages and limitations of budgeting?

Methodical control of an organization's operations through establishment of standards and targets regarding income and expenditure, and a continuous monitoring and adjustment of performance against them is called Budgetary control.

Advantages of privatization in Uganda?

There are many advantages of privatization in Uganda. There is improved performance and efficiency which results into an stronger economy.

Is usual starting point in budgeting is to make a forecast on net income?

No, past performance is the starting point used to formulate future budget goals.

How zero-based budgeting may assist in budgeting plainning and control?

Zero budgeting assumes that unlike the traditional budgeting system, there are no "givens". By implication, the idea of using what happened last year as the starting figure for allocation does not arise. Every activity must justify afresh (as if it never existed) and merit any resource allocation to it. This provides an incentive to managers to be focussed in their planning, and goal oriented in their budgeting. Also, that managers are forced to plan, performance evaluation and control become easier . Submitted by DURODOLA VICTOR O Nigeria

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